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Strategies & Market Trends : Waiting for the big Kahuna

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To: tekgk who wrote (3919)8/12/1997 3:26:00 PM
From: John Dally   of 94695
 
tekgk,

Yesterday, I bought WLS October $95 (WLAVS) @ 5/16.
I thought a $35 point drop and a little extra volatility
would breathe some life into them. If there's a BK
then I'll really be happy . . .

Today, I did the more traditional thing and bought
WLS September $120 (WLAUD) @ $2 1/4 & $2 3/8. I think
6 weeks is enough to bring this stock down to $100.

The drug index indicates that the sector has a
likelyhood of returning to where it was last May:

dbc.com

WLA would have a tought time resisting the trend.

John.
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